I'm with Lance. My logic tells me my buckets should match my accounts or else I have no way of knowing if the buckets represent reality or merely what I hope is reality.
Mvelopes (slow, ugly, unpleasant, faceless) actually has a report you can run to make sure your buckets (envelopes) and accounts match up. ds On Fri, Apr 3, 2009 at 8:49 PM, Lance <[email protected]> wrote: > > > Because I have several accounts and lots of money movement between > > them. My buckets contain money that I have allocated to them from my > > income buckets and I don't spend what I haven't allocated. That's the > > standard MoneyWell usage model: Allocate only what you earn and spend > > only what you allocate. > > > > I guess I don't understand why having lots of accounts and/or lots of > money movement would matter. If you have funds in an account that you > don't want to be available for spending (such as a savings account), > couldn't you just create a bucket to hold those and you would know > anything in that bucket is not available for spending? This way your > account and bucket balances would always match. > > Alternatively, you could exclude that account when add up the account > balances and the numbers should always match there as well. > > Are you just trying to avoid having ANY buckets that don't represent > available spending money? Maybe I'm missing your point here. > > > > If you have a simple set of accounts and this works for you, then > > continue to do it. It's not necessary because you shouldn't overspend > > if you only use what's in the buckets and only fill the buckets with > > real money (no credit cards allowed). > > > > I've been bit by making this exact assumption myself. The problem you > have is that money flows and bucket balances have no ties to reality > if you don't have some mechanism of linking your account balances to > your bucket balances. > > If you set up MoneyWell to think that only a portion of the account > balance is available for spending, how do you track the remainder? If > you want to transfer those funds to another account, how do you know > how much "extra" is actually in there? If you find a problem in your > data entry down the road and you just want to "start over", you can't > because you're now in a situation where you can't account for every > dollar that is in your various accounts! > > Maybe I'm missing something, but it seems like allowing your bucket > balances and account balances to get out of sync is very dangerous and > would only be safe if you had another application or spreadsheet you > used for tracking the difference, at which point I would wonder why > you're not simply tracking everything in MoneyWell to save yourself > the headache. > > -Lance > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
